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Prepare manual accounting system using the journals

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Reference no: EM131911282

On the following pages you will find the source documents of Castle & Co Accounting. You are required to enter these source documents into their manual accounting system using the journals and ledgers provided.

The opening balances are:

Trial Balance of Castle & Co Accounting
As At 1/8/16

Account

Debit

Credit

Bank

26 734

 

Petty Cash

400

 

Accounts Receivable Control

5 650

 

     Slater's Football Academy            1 200

 

 

     Smith's Tyres Pty Ltd                    3 487

 

 

     Sam's Ribbons & Bows                   963

 

 

GST Paid

420

 

Computers & Printers

9 200

 

Fixture & Fittings

23 400

 

Office Furniture

87 500

 

Accounts Payable Control

 

2 322

     CPS Computers                            872

 

 

     Harry's Stationery                       1 450

 

 

GST Collected

 

982

Long Term Loan (Thisbank)

 

50 000

Capital

 

100 000

 

153 304

153 304

Attachment:- source documents.zip

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The assignment relates to preparation of accounts for Castle & Co. The accounting involved preparation of Journals, - Cash Receipts Journals, Cash Payment Journal, Sales Journal, Purchase Journal, General Journal, General Ledger and Trial Balance. The same has been prepared in separate sheets in provided excel solution.

Reference no: EM131911282

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